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Webb Capital Plc (WCAP)

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Tuesday 12 October, 2010

Webb Capital Plc

Update on Developments


                               Webb Capital plc                                

                       (`the Company'or "Webb Capital")                        

                            Update on Developments                             

Webb Capital plc, the PLUS Markets quoted financial services group, announces
that following the previously announced acquisition of Chatsford Corporate
Finance Limited (`Chatsford') and the receipt of FSA permission to undertake
Fund Management the Company is now streamlining its activities.

With immediate effect, Chatsford will change its name to Webb Capital Advisory
Limited which will undertake the Company's corporate finance and advisory
business.

The Company's fund management activities will be undertaken through Webb
Capital Asset Management Limited (WCAM), which has changed its name from Webb
Capital Advisory Limited.

In addition the Company is pleased to announce that it has completed its first
significant corporate finance transaction. It advised on the management buy-out
of the UK division of a significant USA based Telecommunications group. The
buy-out was backed by Bob Morton's investment vehicle Hawk Investments.

Commenting on this approval Chief Executive Peter Webb said:

`I believe that we now have in place both the structure and the people
necessary to fulfil our strategy of becoming the foremost adviser to
entrepreneurs, managers and investors in the SME market.

The completion of our first significant transaction in association with Bob
Morton, who is also a shareholder in our Company, is particularly encouraging
and I am pleased to announce that we are actively working on a number of other
engagements.'

The Directors accept responsibility for this announcement

A copy of this announcement is available on www.webbcapital.com

For further information:

Webb Capital plc

Peter Webb Tel: 020 7634 9510

Daniel Stewart & Company Plc

Paul Shackleton Tel: 020 7776 6550


                                                               

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